Menu
Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

1 Cheap Industrial Stock to Buy Now and Never Sell


The biggest attraction today among investors looking at Stanley Black & Decker (NYSE: SWK) is the stock's historically high 3.96% dividend yield. The list of negatives, meanwhile, is as long as your arm, making it hard to get excited about stepping into the stock. But, for investors that think in decades and not days, this industrial toolmaker could be a buy-and-hold dream.

Stanley Black & Decker makes tools, and its business is highly cyclical, moving up and down along with economic activity. Exacerbating the swings here is the fact that a large portion of its business is exposed to consumers, who tend to pull back on spending more quickly than the business customers that are more typical in the industrial sector. The current economic weak patch, which comes at a time of fast-rising inflation, is particularly difficult on the company.

Image source: Getty Images.

Continue reading


Source Fool.com

Like: 0
SWK
Share

Comments